UFO Alien Metals Limited

TIDMUFO

RNS Number : 1470Z

Alien Metals Limited

21 January 2022

Trading Symbols

AIM: UFO

FWB: I3A1

21 January 2022

Alien Metals Ltd

("Alien" or "the Company")

EXERCISE OF WARRANTS AND OPTIONS AND ISSUE OF EQUITY

Alien Metals Ltd (LSE AIM:UFO), a minerals exploration and development company, is pleased to announce that, following the receipt of Exercise Notices, it has issued 202,247,000 ordinary shares of no par value in the capital of the Company at an issue price of 0.15 pence per share and 1,100,000 ordinary shares of no par value in the capital of the Company at an issue price of 0.25 pence per share ("New Ordinary Shares"). The New Ordinary Shares will rank pari passu with the existing ordinary shares in issue and application will be made to the London Stock Exchange for 203,347,000 New Ordinary Shares to be admitted to trading on AIM. Admission of the New Ordinary Shares is expected to become effective at 08.00 on or around 27 January 2022.

Following Admission, the Company will have 4,105,528,625 ordinary shares of no par value in issue. The Company has no shares in treasury, therefore the figure of 4,105,528,625 should be used by shareholders for the calculations by which they will determine if they are required to notify their interest in, or a change of their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

For further information please visit the Company's website at www.alienmetals.uk , or contact:

 
 Alien Metals Limited 
  Bill Brodie Good, CEO & Technical 
  Director 
  (via St-James' Corporate Services, 
  Company Secretary) 
  Tel: +44 20 7796 8644 
  Beaumont Cornish Limited (Nomad) 
  James Biddle / Roland Cornish 
  www.beaumontcornish.com 
  Tel: +44 (0) 207 628 3396 
  Turner Pope Investments (TPI) Limited 
  (Joint Broker) 
  Andrew Thacker / James Pope 
  Tel: +44 (0) 20 3657 0050 
  WH Ireland Ltd (Joint Broker) 
  Harry Ansell / Katy Mitchell 
  Tel +44 (0) 207 220 1666 
  Yellow Jersey PR (Financial PR) 
  Sarah Hollins / Annabel Atkins / 
  Matthew McHale 
  alienmetals@yellowjerseypr.com 
  Tel: +44 (0) 20 3004 9512 
 

Notes to Editors

Alien Metals Ltd is a mining exploration and development company listed on AIM of the London Stock Exchange (LSE: UFO). The Company's focus is on precious and base metal commodities, with its operations located in proven mining jurisdictions and it has embarked upon an acquisition-led strategy headed by a high-quality geological team to build a strong portfolio of diversified assets.

In 2019, the company acquired 51% of the Brockman and Hancock Ranges high-grade (Direct Shipping Ore) iron ore projects and increased its holding to 90% in May 2021 while in 2020 acquired 100% of the Elizabeth Hill Silver Project, which consists of the Elizabeth Hill Historic Silver Mine Mining Lease and the surrounding Munni Munni North Exploration Tenement. The Australian projects are located in the world-renowned Pilbara region of Western Australia.

In November and December 2021, the Company entered into two Binding Heads of Agreement with ASX listed Platina Resources Ltd and Artemis Resources Limited to, subject to the satisfaction of certain conditions, acquire 100% of the current joint venture interest in the Munni Munni Platinum Group Metals and Gold Project in the West Pilbara, Western Australia, one of Australia's major underexplored PGE and base metals projects.

The Company also holds two silver projects, San Celso and Los Santos, located in Zacatecas State, Mexico's largest silver producing state, which produced over 190m oz of silver in 2018 alone, accounting for 45% of the total silver production of Mexico for that year. The Company holds a Copper Gold project in the same region, Donovan 2.

The company was also awarded an Exploration Licence in Greenland in late 2020, which surrounds the world class Citronen Zinc-Lead deposit.

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January 21, 2022 02:00 ET (07:00 GMT)

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